auctionpunk

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auctionpunk: bitcoin-specific auction software.

WARNING / NOTE: This is an incomplete work-in-progress.

This provides a single-node auction server that serves as a semi-trusted auctioneer for one or more hosted auctions. Bitcoin-specific features are utilized to enhance the auction.

Roles: - Auctioneer - Person who runs auctiond server - User - Bidders in one or more auctions

Details and features: - First Price Sealed Bid auctions - Auctioneer receives API-dictated fee for services - Each auction uniquely identified by P2SH contract - All bids MUST include a common TX input, provided by the auctioneer. This guarantees that one and only one bid is ever valid. Auctioneer cannot steal more than 1 bid per auction (versus N bids). - nLockTime set to auction close.

Programs: - auctiond - Auction server (HTTP JSON-RPC API) - auctionuser - User command line interface to auction server - auctionadm - Administrator command line interface to auction server